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Brent oil prices have reached the first negative target of $71.60, where the market found strong support and is now poised to initiate a bullish trend on an intraday basis. The next positive targets are set at $73.56, with further gains potentially extending to $75.05, provided the price exceeds the initial target.
A bullish outlook is anticipated for today; however, a drop below $71.40 would negate the expected upward movement and potentially resume the main bearish trend.
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Today’s expected trading range is between $71.30 support and $74.20 resistance.
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Trend Forecast: Bullish
